Energy experts explained what is happening in the gas and oil market. March 11, 2022 | NHS

Gas stations have not yet been affected by the change in the cost of fuel, but still ahead.

In recent days, its value has been falling due to political decisions.

– When Scholz came out (German Chancellor Olaf Scholz. – Prim. row.) along with other politicians and began to reassure everyone that we are not going to impose a trade embargo on energy carriers in the near future, this calmed the market,” explained the leading expert of the National Energy Security Fund. — It is possible that prices will stabilize, especially if traders still work with Russian oil. The Oxford Institute for Energy Studies predicts a drop in Russian production by a third in April. But I think this is an exaggeration, you have to look at the behavior of traders. If there is a decline in production, because of this, prices may begin to rise again.

The budget of Russia is formed from oil and gas revenues by more than 30%.

“People live in a country that depends on how the economy functions, the oil industry affects the flow of money into the country, the solvency of people,” Stanislav Mitrakhovich emphasized. — When companies export oil and earn money, it’s not only the money of the oil companies, it goes to the budget and the economy as a whole, so this is important.

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